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Social Science
Law
Civil Law
Chapter 9; Nature of Traditional and E-Contracts
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Function of Traditional and E-Contracts
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Allows us to operate with a sense of security
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Basically a description of Contracts and how they work.
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Terms in this set (25)
Function of Traditional and E-Contracts
Allows us to operate with a sense of security
Elements of a Contract
Agreement (mutual assent)- NOT a counter offer.
Consideration (object sought after in a contract, service or promise)
Capacity (every party must be capable and healthy)
Lawful Object (must be legal)
Contract
An agreement that is enforceable by a court of law or equity
Offeror
The party who makes an offer to enter into a contract
Offeree
The party to whom the offer is made